Allianz SE

Earnings Release • May 8, 2007

News Details

Corporate | 8 May 2007 07:28

Allianz SE: Quarterly figures first quarter 2007

Allianz SE / Quarter Results

Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.

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[Eur m] 1Q 2007 1Q 2006
Total revenues (Euro bn) 29.3 29.6
Operating Profit 2,870 2,677
Property/Casualty 1,267 1,386
Life/Health 750 723
Banking 700 547
thereof Dresdner Bank 677 529
Asset Management 312 304
Corporate -101 -180
Consolidation adjustments -58 -103
Income before income taxes & minority interests 4,556 3,031
Income taxes -967 -899
Minority interests in earnings -349 -353
Net income 3,240 1,779
Property/Casualty 1,180 1,100
Life/Health 553 534
Banking 625 666
thereof Dresdner Bank 612 658
Asset Management 99 90
Corporate 381 -239
Consolidation adjustments 402 -372
Earning per share (basic) (Euro) 7.51 4.39
Ratios
Property/Casualty: Combined ratio 96.8% 94.7%
Life/Health: Statutory expense ratio 7.2% 8.2%
Dresdner Bank: Cost-income ratio 66.9% 73.7%
Asset Management: Cost-income ratio 60.0% 59.5%
[Euro bn] 31.03.2007 31.12.2006
Shareholders´ equity 52.3 50.5
Third-party assets under management 781 764

End of message

These assessments are, as always, subject to the disclaimer provided below.

Cautionary Note Regarding Forward-Looking Statements

Certain of the statements contained herein may be statements of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and unknown
risks and uncertainties that could cause actual results, performance or
events to differ materially from those expressed or implied in such
statements. In addition to statements which are forward-looking by reason
of context, the words ‘may, will, should, expects, plans, intends,
anticipates, believes, estimates, predicts, potential, or continue’ and
similar expressions identify forward-looking statements. Actual results,
performance or events may differ materially from those in such statements
due to, without limitation, (i) general economic conditions, including in
particular economic conditions in the Allianz Group's core business and
core markets, (ii) performance of financial markets, including emerging
markets, (iii) the frequency and severity of insured loss events, (iv)
mortality and morbidity levels and trends, (v) persistency levels, (vi) the
extent of credit defaults (vii) interest rate levels, (viii) currency
exchange rates including the Euro-U.S. dollar exchange rate, (ix) changing
levels of competition, (x) changes in laws and regulations, including
monetary convergence and the European Monetary Union, (xi) changes in the
policies of central banks and/or foreign governments, (xii) the impact of
acquisitions, including related integration issues, (xiii) reorganization
measures and (xiv) general competitive factors, in each case on a local,
regional, national and/or global basis. Many of these factors may be more
likely to occur, or more pronounced, as a result of terrorist activities
and their consequences. The matters discussed herein may also involve risks
and uncertainties described from time to time in Allianz AG’s filings with
the U.S. Securities and Exchange Commission. The company assumes no
obligation to update any forward-looking statement.

No duty to update

The company assumes no obligation to update any information contained
herein.

DGAP 08.05.2007

Language: English
Issuer: Allianz SE
Königinstr. 28
80802 München Deutschland
Phone: +49 (0)89 38 00 - 41 24
Fax: +49 (0)89 38 00 - 38 99
E-mail: investor.relations@allianz.com
www: www.allianz.com
ISIN: DE0008404005
WKN: 840400
Indices: DAX-30, EURO STOXX 50
Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard),
Hannover, Düsseldorf, Stuttgart, München, Hamburg, SWX;
Terminbörse EUREX; Foreign Exchange(s) London, NYSE

End of News DGAP News-Service

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